Scholar Athletes Inc
- Assets
- $9.8k
- Revenue
- $6.1k
- Investments
- $0.0
- Employees
- 41
- Location
- Boston, MA
- Founding
- 12/2010
- Data as of
- 08/2021
- EIN
- 27-3987854
Organization Overview
Scholar Athletes Inc is located in Boston, MA. The organization was established in 2010. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. As of 08/2021, Scholar Athletes Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholar Athletes Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2021, Scholar Athletes Inc generated $6.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (65.3%) each year. All expenses for the organization totaled $500.1k during the year ending 08/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SCHOLAR ATHLETES, INC. (THE ORGANIZATION") IS A REGISTERED 501(C)(3) ORGANIZATION WHOSE MISSION IS TO IMPROVE ACADEMIC ACHIEVEMENT THROUGH ATHLETICS. THE ORGANIZATION FOSTERS INDIVIDUAL STUDENT-ATHLETE GROWTH THROUGH A FOCUS ON THREE CORE PROGRAM AREAS: ACADEMIC COACHING AND MENTORING, HEALTH AND WELLNESS, AND COLLEGE AND CAREER READINESS INITIATIVES. THE ORGANIZATION PARTNERS WITH PUBLIC HIGH SCHOOLS TO HELP CLOSE THE OPPORTUNITY GAP FOR THOUSANDS OF YOUNG PEOPLE IN GRADES 9-12 ACROSS THE COMMONWEALTH. SCHOLAR ATHLETES' PROGRAMS LEVERAGE THE POWER OF ATHLETICS AND WELLNESS TO CULTIVATE THE DISCIPLINE, CONFIDENCE AND SOCIAL-EMOTIONAL SKILLS NEEDED TO SUPPORT SUCCESS IN SCHOOL, AS WELL AS SUCCESS IN LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLAR ATHLETES, INC. IS A NOT-FOR-PROFIT ORGANIZATION CREATED TO SUPPORT VARIOUS EDUCATIONAL ENDEAVORS FOR THE RELIEF AND BETTERMENT OF STUDENTS AND STUDENT-ATHLETES IN PUBLIC SCHOOLS, AND TO FOSTER INDIVIDUAL STUDENT-ATHLETE GROWTH THROUGH MENTORING, COACHING, AND CONDITIONING THROUGH THE SUPPORT OF ATHLETIC AND WELLNESS PROGRAMS AND ACADEMIC SUPPORT PROGRAMS. THE CENTER OF THE ACADEMIC PROGRAM IS THE ZONE, A SCHOOL-BASED LEARNING CENTER FOR SCHOLAR-ATHLETES TO RECEIVE ACADEMIC SUPPORT. THERE ARE VARIOUS ZONE LEARNING CENTERS THROUGHOUT BOSTON, EVERETT, AND SPRINGFIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tricia Keck Managing Director Of Development (until 9/22/20) | 40 | $239,382 | |
Carolyn Gould Former Managing Dir. Of Program Services | 40 | $132,012 | |
Dalina Chawalit Former Managing Dir. Of Finance & Ops. | 40 | $101,390 | |
Daphne Griffin Former Executive Director | 40 | $60,343 | |
Regina Robinson Secretary (until 2/16/21) | OfficerTrustee | 0.1 | $0 |
Linda Dorcena Forry Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kathleen F Driscoll Consultant | 8/30/17 | $128,950 |
Massachusetts Sportservice Catering For Gala | 8/30/17 | $112,221 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,274 |
| Total Program Service Revenue | $0 |
| Investment income | $671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,000 |
| Grants and other assistance to domestic individuals. | $1,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,107 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,579 |
| Payroll taxes | $15,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,431 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $10,302 |
| Royalties | $0 |
| Occupancy | $46,761 |
| Travel | $132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,420 |
| Insurance | $94,426 |
| All other expenses | $4,398 |
| Total functional expenses | $500,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,835 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,835 |
| Accounts payable and accrued expenses | $8,205 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $230,807 |
| Total liabilities | $239,012 |
| Net assets without donor restrictions | -$279,177 |
| Net assets with donor restrictions | $50,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,835 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Scholar Athletes Inc has recieved totaling $39.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Football League Foundation New York, NY | $60,299,577 | $75,254,926 |
National Shooting Sports Foundation Inc Shelton, CT | $68,041,486 | $51,692,186 |
Hole In The Wall Gang Fund Inc New Haven, CT | $144,768,300 | $20,451,093 |
Usta Foundation Incorporated White Plains, NY | $21,092,938 | $14,501,704 |
Womens Sports Foundation New York, NY | $6,988,365 | $6,164,478 |
Sports Humanitarian Group Inc New York, NY | $2,335,161 | $3,283,483 |
Fisher Brothers Foundation Inc New York, NY | $22,918 | $2,660,000 |
Emerald Necklace Conservancy Inc Boston, MA | $8,051,626 | $2,747,205 |
Boston Celtics Shamrock Foundation Inc Boston, MA | $4,628,419 | $2,472,542 |
Kelly S Brush Foundation Burlington, VT | $1,595,240 | $2,359,951 |
Connecticut Cancer Foundation Inc Old Saybrook, CT | $10,759,734 | $1,881,982 |
Fishoff Family Foundation Flushing, NY | $3,998,225 | $548,703 |